REGISTERED CHARITY NUMBER: 1177016 rt of the Trt￿itt$ and Unaudi*d Financial Staiements for the Year Ended 31 March 2021 for Devizes A&size Court Tntst ts of tbe FiDallcial stAte￿ents for the Yegr Ended 31 March 2021 Page Report of the Tntsiees I￿3 Independeni Examinels Ryrt Staiemeni of Financial Activities Balance Shttt Cash Flow Statement Notes to the Cash Flow Sta*meni Notes to the Financial Statements 9fol Dethiled Sthtement or Fitjancial Activities 12 Ikvizes A&size Court Tnj rt of the Tn￿leeS 2021 Tbe Devi2es Assize Court Trust IDAcf) was fornied in 2018 following an initiative by the Wiltshire Histori¢ Buildings Trust Ltd, Wiltsbire Council. and the Wiltshire knhaeological and Nawrdl History S￿]ety IWANHS). The principle aim of the T￿￿1 is to Save the former knize Coun in tkvizes and provide ti with a new public and a long-terni sustainable ￿￿Jre. REFERENCE AND ADMINISTRATtVE DETAIts Reglstered Charlty llutnber 177016 Prlnclpal address l.%1 Floor The Syms Buildin8 Bumpers Way Bumper5 Fami Chippenham Wilishire SN14 6LH Trustees Mr Peier Troughton (Chair) lappoin*d trustee 6 Dttember 2019 & Chair 28 February 2020) The Marqui5 of Lan5dowrte LVO (resigned Chair 28 February 2020 & In￿tee 18 Sepiember 20201 Mr. Robert Huni-Grubbe (Vice-chairl Baroness Scoti of Bybrook OBE Iresigrted 28 Februw 2020) Mr. JOI￿ Bush CVO OBE CuunLillur Mr5. Laura M41yes Mr. Nichola5 Ellioti Mr. Martin Nye Sir John Nutting (appointed 10 May 2019) Officers for the year were.. Mr5. Jean Potter- Secretary to the Trustees Mr5. Tanya Williams- Treasurer Mr. Colin John5- Architect Mr. David Dawsort- Museum Adviser Nts remuneration was paid durin8 the year ￿ any of the members. Independent examlller Pillow May Ltd The Dutch Barn Bremhill Grove Fam East Tythertort Chippenham will.￿hIre SN15 4LX Solicitors Goughs 2 Fore Street Trowbridge Wiltshire BA14 8H STRUCTURE, GOVERNANCE AND MAI¥AGEMENT Governing document The charity is controlled by its governin8 document. a deedof trust and constitutes a charitable incorw)rdted orgaDiSation. The charitsble incOr￿rated organisation company number 15 CE013153. Page I Devizes A&size Court Trust rt of the Tnsiees for the Year End￿ 31 MaTch 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk JDanagement The trustees have a duty to ideniify and review the risks w which the charÈty is exkN)sed and ￿ ensure appropria￿ controls are in place to provide reasonable assurance againsi Iraud and ern)T. Appolnimtnt of tru5ttes Any person who 15 willing to act &s a Trustee, and who would not be disqualified from aciing, may be apwin¢ed to be a Trustee by a decision of the Trustees or a Member Organisaiion serving notice of his or her app)inuneni in wriiing. Wiltshire HL5toric Buildings Trust and Wiltshire Council shall each be able to appoini up io two Member Twstees and Wiltshire Archaeological and Natural HiS￿ry Socieiy shall be able ￿ apEK)ini one Member Trustee. The Trt￿￿e￿ shall airn lo have al least two Co4yied Trustees in office at any time. appoinied by a decision of the TTUStees. The Trustees will make available to new Twsiee, 00 or before his or her fwsi appointtnenL a copy of the consiiiuiion and any arnendments made ¢0 it and a ¢¢)py of the Chariry's ]aiesi trusiees. annual Tepon and sthtemeni of accounts. OWECTIVES AND AcfIviTIES Objeetlves and Alms The objecLs' of the clwity are for the benefil of the public: I I lo preserve property and buildings of hisioric or archiieciural in￿eSt or imponance. in particular (bui not limiied tol in the area of Wilishire; 2) to advancc the education of the public in the ar￿ culture and history, in panicular through the maintenance of A museum., and 3110 further such ¢xclusiv¢ly charitable objects ac¢ordin8 to the of En8land and Wales as the Tn￿let$ in their ab501ul¢ di￿retion from Um¢ lo time detennine. Revlew of actlviti¢s On completion of the pu￿1]￿ of the fonner Assize Coun ai Devizes the Tn￿t eniered inio an agrttment with local onlrdclors ¢0 undertake subslanlial emergency repairs 10 sthbilize the building and moke li Wlnd and weathertight. ompreh¢nsive s¢hedule of Works of repairs were subsianiially comple*d by Marth 2020. The condilion of the building LS being monitored on a regular basis and durin8 the year 2021N21 various works were undertaken lo ensure thai Ihc As%ize Court was kept wind and waiertighi Followin8 a full and comprehensive tendeT PTocess Purcell Architects IBrisiol} were appointed in May 2020 as conwltants, up lo RIBA %tage I, for the T&%toraiion and design of the Assize Court for use as a museum by WANHS. During the year the de%ign work developed, in conjunction with a fm of consulthnts (Imagemakersl to a5sis1 with both aclivity plannin@8udien¢e development and inietpreiaiion plannin8. Initial discussions ¢onlinu¢d with interested parties includin8 Hisioric England. Wiltshire Council. Devize5 Towrt Council and with adjoining propety owners and these consultstions continue. There were five Trustees meetings, and a Workin8 Group meetin8 held during 202￿21. due to Covid-19 restrictions th¢s¢ meetings were held via Zoom. rather than in petson. DA￿ has made signiflcanl progress iowards defining a strale¥iL approach to the project. During the year a Fundraising Consultant wa5 appolnied to assist in developin8 a fundrdising siralegy, following a full lender process. The restrictions imw5cd by Covid-19 has meant that there been a delay in progressing the scheme io redevelop the A&size Court so a5 to provide a ncw horne for Devizes Museum IWANHSI. DACT is pleased to record its appreciation of valuable help from partners and supporters, including The Archilectural Herita8e Fund. the Dulverton Trust and local or8aDisations and individuals. In seeking to fulfil it5 aiffl5 the Trustees have considered the CIwL'ry Commission's guidance on public benefit and in particularguidance on charitie5 for the advancement of culture and heritage. The Trusttts ¢onfimi therefore that they have cotnplied with the requiretnents of Section 17 of the Charitie5 Act 2011 ￿ have regard ￿ public benefi( guidance published by the Charity Cotnrni5sion for England and Wales. Page 2 forthey FINANCIAL REVIETh' Duriti8 th¢ year the Tnw re¢¢ived wt••T*ial ofQ9,63012020.£80J501 Twbich Ills fittkd the preYer￿lOtt of the bJildin8 I¥￿ c4￿b￿A ts prvixtofsawin8 th¢ Assize fy) ¢arTied out orting by Chariti¢s. The trust ¢onstitut¢5 a publi¢ iM¢fit enlity as d¢fll￿ by FRS 102. The trusttts Consider that th¢re art no rnaterial urtcertainties alM)Ut the clwity's ability io continue as a going ¢onc¢rn. lo¢ome r¢eognltlon All incomc is in¢ludcd on thc S¢atcment of Finan¢ial Activities when the Charity is le88lly entitled io the income and the amtsuni can be quantified with reasonable aecurney. Expendltur¢ reeogrtltlon Expenditure is ac¢ounied for on an #ccru#ls b&%is and h&$ been ¢las%ifie4 under headin8S thai a8gre8a¢e all cosi relaied to the category. Where cosLs cannot be dirtcily Yitributed to p4rti¢uiar heodin8s th¢y have been allocated io activities on a basis consisieni wilh the use of resou￿¢$. Related p8rty dlselo$ur¢ Th¢r¢ ar¢ no relaied party transa¢iions in the reporting period that requir¢ dis¢losure. TAnglble flxed 4#sei$ Capital expenditure is treated *5 addiiions io tangible r￿ed &5sets. Any profil on distK)sal is credited 10 the In¢om¢ and Expenditure A¢¢ouni at the d8te of sale. Losses ¥r¢ provided for when it beeomes clear that such wtll be sub%lantial. An impainncnt provision h&5 been put in pla¢e oi'¢r the Assize CouTt building &8 an ind¢p¢nd¢nt valuation carried out by the irusices showed that li had a negative residual value. No depre¢ia¢ion 15 provided on r￿ed a55ets #s any su¢h d¢prtti4tion is no¢ ¢onsid¢red to material. Debtors Debtors are amounts due lo the charity for grants agreed and cleared for pa￿￿ethI by the reporting date. Debtors re recognised at the transaction price. Cash 8¢ bank Cash al bank cornprise5 cash on hand and call deposits. and other shon-lerni highly liquid investments that are readily convenible io a known amouni of cash and are 5ubjeci w an irLsignificant risk of change in value. Trade credltors Trade crediiors are obligalions to pay for g(M)ds OT services that have been a¢quIr￿1 in the ordinary course of business from suppliers. Accounts payable are cla&sified as curreni liabiliiies if the comp8ny does not have an uncondiiional right. ai ihe end of the reponing period. to deler ihe seiilemeni of the creditor for at least twelve months, after ihe rwning dale. If there is an uncondiiional righi io defer seitlemeni for ai least twelve months after the reporting dale. they are present&J as ￿n-curren1 liabilities. Trade crediiors are recognised ai the ￿ar￿aCIl0D pnce. Taxatlon The chan.ty is exempi fiDm co4K*raiion ￿ on its charitable activities. Fund seeoulltlllg Unrestricted funds Can be used in accordance wilh the cljaritsble obje¢tives at the discretion of tbe tn￿tees. Restricted funds can only be used for partieularrestricted Purposes withiti the objects of the chan"iy. Regtsictions arise when specified by the donor or when funds are raised for parti¢ul8r restricted purposes. Page 9 Devizes A&size Court Trust Notes io the Finan¢ial Statements for the Year Endul 31 Mar¢h 2021 INVESTMENT INCOME Y&qr Ended 31.3.21 Year Ended 31.3.20 Deposit account ititerest 97 272 COSTS OF RAISING FUNDS Year Ended 31.3.21 Year Ended 31.3.20 Support costs Govemance cosrs 2.972 1,442 TRUSTEES. REMUNERATION knD BENEFITS There were no tsustees, remurteratiort orotherbenefits fortheyear endoa 31 March 2021 orpeTiod eTKled 31 March 2020. STAFF COSTS There We￿ no ernployees during the year. FEES FOR EXAMINATION OF THE ACCOUNTS £350 will be payable lo Pillow May Limiied in respect of the annual independeni review. TANGIBLE FIXED ASSETS Freehold property COST At l April 2020 and 31 March 2021 148 496 NET BOOK VALUE At 31 March 2021 148496 Ai 31 March 2020 148496 The historic cost of the freehold priyety is £627547. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.20 31.3.20 Other debtor5 Page 10 Devizes Assize Court Trust Notes to the Financial Ststements- eontinued for the Year Ended 31 March 2021 CREDITORS: AMOUNTS FALLII¥G DUE WITHLN OI¥E YEAR 31.3.21 31.3.20 Trade credito Other creditors 487 io. MOVEMENT IN FUNDS Net movement in funds At 1.4.20 At31.3.21 Unre$trl¢ted fundj Generdl fund 262,207 (64,7171 197,490 Restrl£ted funds Urgent Works TOTAL FUNDS 262 207 197490 Nei moyemeni in ￿rtds. included in the okne are as follow5.. In¢oming Resources resources expended Transfer be¢ween fijnds Movemeni in Unrestrlcted fund8 General ￿nd 39,727 1104.444) 164,7171 Restrlcted funds Urgent Works TOTAL FUIYDS Page 11 Devizes A￿1ze Court Trusi Detailed Staiemeni of Financial A¢uviiies for the Year Ended 31 March 2021 Year En(kd 31.3.21 Year Ended 31.3.20 INCOMING RESOURCES Voluntary Ineome Donations 39,630 80J50 Investment Ineome Depo.4il account interest 97 272 Total incoming r¢Jou￿tI 39,727 80,622 RESOURCES EXPENDED Raising Funds Support ¢0515 Insurance Sundries Fundrdising ¢onsultant Bank Charges 1,076 671 1200 25 I,(100 412 30 2,972 1,442 Governance costs Accouniancy Independent examination Legal and professional fees 1,797 386 2,671 504 TotAI Ralslng Funds 12,812 21.518 Chirltable 4ctlvlile5 Buildin&1 insurance Archiiecl and planning fees Devizes asiize ¢oun emergency works 16,263 67,876 16,238 91.632 112.059 Total resourcts expended 104.444 133,577 r4et lexpenditureyincorne 52 9551 This page does not fornh part of the statutory f]n8ncial statements Page 12